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☆ Key trio's absence from Ryder Cup 'a shame' -Europe captain Donald
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

[1/3] Apr 21, 2023; Adelaide, South Australia AUS; Sergio Garcia of Team Fireballs practices before the first round of LIV Golf Adelaide golf tournament at Grange Golf Club. Mandatory Credit: Mike Frey-USA TODAY SportsMay 5 (Reuters) - The absence of Sergio Garcia, Ian Poulter and Lee Westwood from this year's Ryder Cup is sad, but could herald a generational shift, said Team Europe captain Luke Donald. "I played with all three and they've been stalwarts of, and given a lot to, both the Ryder Cup and European Tour. This year's Ryder Cup could represent a "generational shift", said Donald, who replaced Henrik Stenson as Team Europe captain last year after the Swede said he was joining the lucrative Saudi-backed series. "There's great momentum with European golf, we've already had seven winners in the U.S. (this season) and a bunch of people who haven't played in the Ryder Cup have played great this year..."This year's Ryder Cup runs from Sept. 29 to Oct. 1 at the Marco Simone Golf and Country Club near Rome.

☆ Chess’ Governing Body Delays Report on Cheating Scandal
▼ + stars: | 2023-05-04 | by ( David Segal | Dylan Loeb Mcclain | ) www.nytimes.com time to read: +2 min

The internet was soon awash with theories about how Niemann might have secreted a radio device on his body. In a postgame interview at the Cup, Niemann offered to play naked, in a radio signal-proofed room, to prove he was playing clean. He also said emphatically that he had never cheated during an over-the-board game, as in-person chess is known. Many in the chess world did not believe him. Viswanathan Anand, a five-time world champion, put it this way: “I thought Carlsen literally cracked at the end.”

☆ Danish Wind Pioneer Keeps Battling Climate Change
▼ + stars: | 2023-05-03 | by ( Stanley Reed | ) www.nytimes.com time to read: +1 min

The contemporary wind power industry, which has spawned hundreds of thousands of spinning rotors generating electricity without putting greenhouse gases into the air, was to a great extent born in a notoriously windy region of Denmark called Jutland. And while countless people have played a role in refining the machines that stud coastlines, plains and mountain ridges, perhaps no one has had more influence than a Jutlander named Henrik Stiesdal. As a young man of 21, he built a rudimentary machine to generate electricity for his parents’ farm. He was later co-designer of an innovative three-bladed turbine that set the stage for what has become a multibillion-dollar global industry. His inventions have led to about a thousand patents, and Mr. Stiesdal is widely seen as a pioneer in this very Danish field.

☆ Russia’s war on Ukraine redrew the map of the sky – but not for Chinese airlines
▼ + stars: | 2023-04-25 | by ( Xiaofei Xu | ) edition.cnn.com time to read: +7 min

He told the newspaper that airlines flying over Russia were indirectly helping the Kremlin’s war effort. Safety implicationsVirgin's Richard Branson has called for a ban on Chinese airlines flying to Europe via Russian airspace. CNN has reached out to the three main state-owned Chinese airlines – Air China, China Eastern and China Southern – for comments. For now, Chinese airlines have yet to return to full pre-pandemic capacities. But as Chinese airlines gradually return to normal and the war in Ukraine continues to rage on, European airlines could potentially face more fierce challenges on routes between Europe and East or Southeast Asia, creating some interesting choices for passengers.

Meanwhile, BlackRock is part of another group investing $650 million to build chargers along freight routes. Because port real estate is at a premium, most early drayage charging projects will be "behind the fence" on trucking company property, experts said. Electric trucks cannot operate without chargers, but it does not make sense to build chargers if drivers are not using electric trucks. Prologis, the biggest U.S. warehouse owner, created its mobility business to install electric truck chargers and solar panels. "A marriage between real estate and energy infrastructure" will be needed to accelerate the transition to electric-powered trucking, Prologis Mobility's Holland said.

☆ The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers
▼ + stars: | 2023-04-16 | by ( Tim Mullaney | ) www.cnbc.com time to read: +9 min

And as the Biden administration pushes changes that seek to aggressively remake the car market in favor of EVs more quickly than previously anticipated. Tesla's lowest-priced model today is the Model 3 base MSRP of $41,990. There are also more financing options available in the auto loan market designed specifically for environmentally friendly cars. "There's nothing wrong with having a basic car as a first car. Tesla said its overall efforts have driven the cost of drive units, which include the car's electric motor, as low as $1,000.

Although insulin list prices are high in the U.S., drugmakers typically pay substantial rebates to private insurers and government programs, resulting in lower prices for most Americans with insurance. U.S.-listed Novo Nordisk shares rose as much as 1.7% to $142.95, while Denmark-listed shares closed marginally higher on Tuesday. Eli Lilly shares were down slightly. "I think it is a relatively natural consequence of what we have seen their competitor Eli Lilly do. Eli Lilly, Sanofi and Novo Nordisk make up 90% of the U.S. market for insulin.

☆ Novo Nordisk joins Lilly in plans to slash U.S. insulin prices
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

March 14 (Reuters) - Novo Nordisk (NOVOb.CO) said on Tuesday it would cut U.S. list prices for several insulin drugs by up to 75% next year, joining rival Eli Lilly as drugmakers come under pressure for high prices of the life-sustaining treatment. The moves follow President Joe Biden's Inflation Reduction Act last year that capped insulin prices for Medicare recipients at $35 per month, but that does not extend to patients without insurance. Novo will reduce the list price of its NovoLog insulin by 75%, and for Novolin and Levemir by 65%. The company also said it would reduce the list price of unbranded insulin products to match lowered price of respective branded insulin products. Eli Lilly and Co (LLY.N) said earlier this month that it would cut the list prices for its most commonly prescribed insulin products by 70% from the fourth quarter of this year.

The SFDR defines sustainable investment as contributing to "an environmental or social objective", assessed by indicators such as use of raw materials or production of waste. The people Reuters spoke to said discrepancies among fund portfolios reflected a lack of clarity from the Commission over what constitutes a sustainable investment. Reuters GraphicsReuters GraphicsTEMPERATURE GAUGEMSCI, the finance industry data provider, has developed a way of checking on investment funds' green credentials with its ESG Implied Temperature Rise tool. Among them, for example, are BlackRock's Sustainable Energy Fund, Nordea's Global Climate and Environment Fund and Pictet's Global Environmental Opportunities Fund. "The characterisation of what constitutes a sustainable investment under the SFDR is also a concept that needs further clarifications at European level."

Carlsberg shares have risen more than 60% during Hart's tenure, outperforming AB Inbev and Heineken, whose shares have dropped around 47% and risen around 45% respectively. Carlsberg's shares fell 3.5% at market open in Copenhagen, but later pared losses and were 0.7% lower at 1118 GMT. "Cees 't Hart has delivered remarkable results during his time at Carlsberg," Supervisory Board Chair Henrik Poulsen said. It is also seeking an option to buy back the Russian business in the future. With only around 16% of revenue coming from Eastern Europe, Carlsberg's biggest markets are Western Europe and Asia.

☆ Carlsberg CEO Hart's retirement plan triggers share fall
▼ + stars: | 2023-03-07 | by ( Nikolaj Skydsgaard | ) www.reuters.com time to read: +2 min

Hired in 2015, partly to help restore sluggish sales in its Eastern Europe division, including Russia, Hart has successfully overseen Carlsberg's SAIL'22 strategy, which focused on cutting costs and improve sales of more premium beer brands. Carlsberg said in a statement that Hart planned to leave by the end of the third quarter. "Cees 't Hart has delivered remarkable results during his time at Carlsberg," Supervisory Board Chair Henrik Poulsen said. "He has really been a significant person in the transformation that has taken place, it's been very impressive to witness," Laustsen added. It is seeking an option with the buyer to buy back the Russian business in future.

☆ Exclusive: Activist Legion Partners nominates 4 directors at Primo Water -letter
▼ + stars: | 2023-03-06 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

NEW YORK, March 6 (Reuters) - Activist investor Legion Partners Asset Management is pushing for four new directors to join Primo Water Corp's (PRMW.N) board, arguing they could help the water company's share price triple over five years. Legion nominated experts in water delivery, beverage operations, marketing and capital allocation as director candidates for election to the U.S.-Canadian company's 10-person board to help reverse "chronic underperformance," according to a letter seen by Reuters. "Substantial shareholder-driven change in the boardroom is long overdue and necessary at the 2023 Annual Meeting in order for Primo to achieve its full potential," Legion's managing directors, Chris Kiper and Ted White, wrote to fellow Primo Water shareholders. Legion, which helped place directors onto boards at Bed Bath & Beyond and Kohl's, said it owns a 1.5% stake in Primo Water and has been an investor in the past. Primo Water offers home and office water delivery, water exchange, where customers return their empty water jugs and buy new ones at retailers, and water refill, its most affordable offering, where customers refill jugs themselves.

☆ Fears of European industry exodus to U.S. may be overdone
▼ + stars: | 2023-03-03 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +6 min

However, the risks are offset not only by the substantial existing European incentives, but also other factors - such as proximity to European consumers - that many companies cite as critical in their decisions. Think tank Bruegel says EU support is already on a par with, or even larger than, IRA money. Moreover, well over half of the IRA support is for renewable energy production, with local content requirements playing a very limited role. Some executives say rather than providing more subsidies, Europe needs to simply improve the way they are given. The United States is not a panacea for European firms, not least due to questions about what approach the next U.S. administration might take.

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☆ Fisker Shares Jump 27% as Ocean EV Deliveries Set for Spring Launch
▼ + stars: | 2023-02-27 | by ( Dia Gill | ) www.wsj.com time to read: 1 min

Fisker’s Ocean SUV on display at the Paris Car Show last year. Shares for Fisker Inc. climbed 27% to $7.23 in Monday trading after the electric-vehicle startup confirmed that deliveries for its first vehicle, the Ocean SUV, would commence in the spring. Chief Executive Henrik Fisker said on a Monday call with investors that the EV’s homologation approval process would be completed in March, with deliveries set to begin shortly after, pending additional regulatory approvals.

☆ Fisker Shares Jump 30% as Ocean EV Deliveries Are Set for Spring Launch
▼ + stars: | 2023-02-27 | by ( Dia Gill | ) www.wsj.com time to read: 1 min

Fisker’s Ocean SUV on display at the Paris Car Show last year. Shares of Fisker Inc. surged 30% to $7.40 on Monday after the electric-vehicle startup confirmed that deliveries for its first vehicle, the Ocean SUV, would commence in the spring. Chief Executive Henrik Fisker said on a Monday call with investors that an approval process for the EV would be completed in March, with deliveries set to begin shortly after, pending additional regulatory approvals.

☆ Fisker shares rocket up 30% as the EV maker sees potential for profit and strikes a 'game changer' deal for charging stations
▼ + stars: | 2023-02-27 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Reservations for its Ocean SUV rose in the fourth quarter. Fisker also said it had about 65,000 reservations for its Ocean SUV, up from 62,000 at the end of October. We're going to have a profit this year, which is very unusual for a startup EV company," CEO Henrik Fisker said on Fox Business on Monday. Referring to rival Tesla, Fisker told Fox Business the company run by Elon Musk has 7,000 chargers in the US. It's going to be super-easy for you to charge your Fisker Ocean," Fisker said.

☆ Fisker CEO: We can actually make money from this year
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFisker CEO: We can actually make money from this yearFisker CEO Henrik Fisker joins 'Squawk on the Street' to discuss the company's latest quarter, their commitment to begin deliveries of its Ocean SUV this spring, and more.

☆ Fisker confirms Ocean EV deliveries will begin this spring, on track to build over 40,000 in 2023
▼ + stars: | 2023-02-27 | by ( John Rosevear | ) www.cnbc.com time to read: +3 min

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Electric vehicle startup Fisker said Monday that it spent less money in 2022 than expected, and that it remains on track to begin deliveries of its Ocean SUV this spring and to build more than 40,000 vehicles in 2023. "These results reinforce our expectation that, at the time of launch, the Fisker Ocean will have the longest range of any SUV/Crossover priced below $70,000," he said. Fisker expects to complete the testing needed for regulatory approval of the Ocean next month, and to ramp up production – and begin deliveries -- in the second quarter. Fisker spent a total of $702 million in 2022, a bit below its guidance range of $715 million to $790 million.

☆ LIV Golf finalizes all 12 team rosters for second season
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +3 min

February 21 - LIV Golf announced its 12 rosters of four-players teams for the upstart league's second season Monday night, making official the reported signings of Thomas Pieters, Danny Lee, Dean Burmester and Brendan Steele. 35 in the Official World Golf Ranking as of this week, joined Bubba Watson's team, RangeGoats. Players who finished in the top 24 of the 2022 Invitational Series were guaranteed spots for the 2023 LIV Golf League, according to a press release. "In less than a year, LIV Golf has reinvigorated the professional game and laid the foundation for the sport's future. In 2023, the LIV Golf League comes to life," LIV CEO and commissioner Greg Norman said in a statement.

☆ Kristoffersen wins slalom, historic silver for Greece
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +3 min

France's 2022 Olympic slalom champion Clement Noel was fourth, missing a medal by 0.03 seconds. I’ve done both plenty of times, but the finish is worse because you’ve done your run, and you can’t change anything," said the 2019 giant slalom gold medallist. "I won most things in slalom except Olympic gold and world championship gold. He was also second in a World Cup slalom in Chamonix on Feb. 4, a first World Cup podium for his country. "He went to chase his dream for Greece after so many injuries and he never let go.

"We don't see (price cuts) at this point in time," Rowan told Reuters. "Demand for our (battery electric vehicles) is the highest that we've ever seen, the backlog for that as well." Those price cuts are expected to hit EV startups like U.S. firm Rivian RIVN.O more than established brands. Henrik Fisker, CEO of U.S. EV maker Fisker (FSR.N), told Reuters he also has no plans to lower prices, arguing that the EV startup's cars were already competitively priced. Despite the price cuts, some suppliers say they have seen no EV production surge so far.

☆ Sweden to tighten terrorism law amid tensions with Turkey over NATO bid
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Sweden's Minister of Justice Gunnar Strommer attends a press conference at the first informal ministerial meeting during the Swedish EU Presidency, Stockholm, Sweden, January 26, 2023. Sweden committed to ramping up cooperation with Turkey in fighting terrorism as part of an agreement reached in June aimed at overcoming Ankara's objections to Sweden and Finland becoming members of NATO. Turkey suspended talks last month, saying Sweden was not doing enough, after protests in Stockholm including that by Paludan. "Our position on Finland is positive, but it is not positive on Sweden," Turkish President Tayyip Erdogan said on Wednesday. Sweden and Finland applied last year to join NATO after Russia invaded Ukraine, but faced unexpected objections from Turkey and have since sought to win its support.

☆ Elevator-maker Kone to slash 1,000 jobs, sees recovery in Asia
▼ + stars: | 2023-01-26 | by ( Anne Kauranen | ) www.reuters.com time to read: +1 min

HELSINKI, Jan 26 (Reuters) - Finnish elevator-maker Kone (KNEBV.HE) said on Thursday it would slash up to 1,000 jobs globally as it cuts costs and it expects demand to pick up in its main market China and elsewhere in Asia this year. The cuts will save 100 million euros annually from the beginning of next year, the company said, with 150 of the job losses coming from Finland. Kone posted stronger-than-expected fourth-quarter core earnings but its order intake declined more than analysts had expected. Its October-December adjusted operating profit rose by 1.6% to 365 million euros ($398 million) from 359.4 million euros a year earlier, beating the 333.6 million expected by 21 analysts in a poll provided by the company. ($1 = 0.9178 euros)Reporting by Anne Kauranen, editing by Terje Solsvik and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ Norway’s fossil fuel bonanza stokes impassioned debate about how best to spend its ‘war profits’
▼ + stars: | 2023-01-26 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

It has ignited an impassioned debate about international justice, with many questioning whether it is fair for Norway to rake in record oil and gas revenues at the expense of others' misfortune. Norway's Finance Ministry expects the state's revenues from oil and gas sales to climb to 1.38 trillion Norwegian krone ($131 billion) this year. "They are war profits," Lars-Henrik Paarup Michelsen, director of the Norwegian Climate Foundation think tank, told CNBC via telephone. Oil companies are getting richer and richer, but we don't see that money — and who is really paying for this? The so-called Government Pension Fund Global, among the world's largest sovereign wealth funds, was established in the 1990s to invest the surplus revenues of Norway's oil and gas sector.

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